Steve Miley is - The Market Chartist

Financial Market Technical Chart Blogs from Steve Miley - The Market Chartist

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Team Blogs
    Team Blogs Find your favorite team blogs here.
  • Login
    Login Login form

S&P 500 Bounce Looks for Cap at 1971.0; Bear Topping Threat INTACT

Posted by on in Equity Index Chart Updates
  • Font size: Larger Smaller
  • Hits: 853
  • 0 Comments
  • Print
S&P 500 Bounce Looks for Cap at 1971.0; Bear Topping Threat INTACT

S&P 500 bearish risks intact, despite post-Fed rebound

·         Despite a strong bounce effort late Wednesday, the prod below the 1918.25 spike low has reinforced negative pressures from the setback from ahead of 1979.25.

·         We look for upside to be capped by 1971.0.

·         Moreover, given the previous bearish plunge through key retrace and 100-day MA support, we see the bias down through 1918.0 to quickly aim for chart/ retrace support at 1915.5/10.75.

·         Into mid-month, the threat is still lower, for the 200-day MA, 1888.5 and key 1882.5 Q3 low.

WHAT CHANGES THIS?

·         Through 1971.0 signals a neutral tone, only shifting positive above 1979.25.

See full report with levels & latest screencast here:  http://members.marketchartist.com/Daily/sp500.pdf  

 

4 Hour S&P 500 E-mini December Future Chart

 b2ap3_thumbnail_sp5001_20141009-060723_1.png

Daily S&P 500 Future Adjusted Continuation Chart

b2ap3_thumbnail_sp5002_20141009-060729_1.png 

Last modified on
Rate this blog entry:
1

Steve Miley is The Market Chartist and has over two decades of financial market experience with him. He spent 2009-2012 as a Director of the FX Technical Analysis Research Strategy team at Credit Suisse and was previously at Merrill Lynch for 15 years; 10 years as a technical analyst, 5 years in Fixed Income sales.


He was 2013 winner of the Technical Analyst Magazine Award for Best Independent Fixed Income Research & Strategy, Runner Up for the same award in 2014 and was the winner of Best FX Research & Strategy 2012 (at Credit Suisse).


Steve is a Member of the Society of Technical Analysts (MSTA) and holds a Masters Degree in Politics, Philosophy & Economics from Lincoln College, Oxford University.


Steve has covered all major asset classes including Rates & Credit, G10 & EM currencies, Equity Indices & Sectors and Commodities and has strong relationships across the institutional financial trading spectrum, including Central Banks, Real Money accounts, Hedge Funds and other Global Corporates.

Comments

Affiliates

  • affiliatelogos.png

    affiliatelogos.png

    http://www.marketchartist.com/images/ju_cached_images/affiliatelogos_0dd0698129febe7a7f50dd2279878ab6_90x50.resized.png

Clients

  • users1.png
    http://www.marketchartist.com/images/ju_cached_images/users1_00e523e7fd03fae1d0fb6c1d94bca6bd_90x50.resized.png
  • users2.png
    http://www.marketchartist.com/images/ju_cached_images/users2_e7bcf72e027318698507bc6d5c761f46_90x50.resized.png
  • users3.png
    http://www.marketchartist.com/images/ju_cached_images/users3_9afdb4dd4719675b88b5a560258e415d_90x50.resized.png
  • users4.png
    http://www.marketchartist.com/images/ju_cached_images/users4_979d06a8228e7e19e3d1617d94264ddb_90x50.resized.png

IMPORTANT NOTES

Holiday and cessation of service: 7th-23rd August 2017

Hi Market Chartist Users and Trialists, The Market Chartist reports will be paused for just over 2 weeks, whilst we take a vacation.

The last report will be on Friday 4th August, with service resuming on Thursday 24th August.We wish you successful trading in our absence